Traditional recipes

Ignite Amends Initial IPO

Ignite Amends Initial IPO

Ignite Restaurant Group Inc.this week amended its intended initial public offering and priced it at $12 to $14 a share

Ignite Restaurant Group Inc., parent to the Joe's Crab Shack and Brick House Tavern+Tap casual-dining chains, this week amended its intended initial public offering and priced it at $12 to $14 a share.

Houston-based Ignite, which had filed its intent for an IPO with the Securities and Exchange Commission last July, is seeking to raise as much as $75 million, down from its original $100 million target.

Ignite said it would offer 5.8 million shares on the Nasdaq exchange, and proceeds would be used to pay down debt and other purposes. At the $13 midpoint, Ignite would have a market value of about $322 million.

The company said it would use $1 million to pay a management-agreement termination fee to Connecticut-based J.H. Whitney Capital Partners, which bought Joe’s Crab Shack in 2006 from Landry’s Restaurants Inc. J.H. Whitney is selling 1 percent of its stake in Ignite and will control about 70 percent of shares after the offering.

The company said Credit Suisse, Baird and Piper Jaffray are bookrunners on this deal.

For the quarter ended March 26, Ignite in SEC documents said it had a profit of $2.5 million, up 108 percent from the prior-year period, and revenue of $103.4 million, an increase of 18 percent over last year’s quarter.

Ignite has 138 restaurants in 31 states. Of those units, 122 are Joe’s Crab Shacks and 16 are Brick House Tavern+Tap units, which the company developed in 2008.

Contact Ron Ruggless at [email protected]
Follow him on Twitter: @RonRuggless


Cryptocurrency exchange Coinbase files with regulators to go public

Screengrab from blog.coinbase.com.

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.

SAN FRANCISCO, Dec 18 — Coinbase Inc said yesterday it had confidentially applied with the US Securities and Exchange Commission to go public in a move that would make it the first major US cryptocurrency exchange to list on the stock market.

Coinbase's announcement comes as Bitcoin hit a record high yesterday, just a day after passing the US$20,000 (RM81,008) milestone for the first time, amid surging interest from larger investors.

Reuters reported in July that Coinbase started plans for a stock-market listing and was exploring going public via a direct listing instead of a traditional initial public offering (IPO).

A direct listing lets insiders sell instantly and without the support of traditional underwriters - a recipe for potentially high volatility in early trading.

Coinbase did not specify in its statement whether it would pursue an IPO or a direct listing. ()

If the SEC approves Coinbase's listing plans, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.

Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries.

Its Chief Executive Officer, Brian Armstrong, in September offered a severance package to employees unwilling to cope with the cryptocurrency exchange's new policy of not entertaining discussions on societal and political issues. — Reuters


Cryptocurrency exchange Coinbase files with regulators to go public

Screengrab from blog.coinbase.com.

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.

SAN FRANCISCO, Dec 18 — Coinbase Inc said yesterday it had confidentially applied with the US Securities and Exchange Commission to go public in a move that would make it the first major US cryptocurrency exchange to list on the stock market.

Coinbase's announcement comes as Bitcoin hit a record high yesterday, just a day after passing the US$20,000 (RM81,008) milestone for the first time, amid surging interest from larger investors.

Reuters reported in July that Coinbase started plans for a stock-market listing and was exploring going public via a direct listing instead of a traditional initial public offering (IPO).

A direct listing lets insiders sell instantly and without the support of traditional underwriters - a recipe for potentially high volatility in early trading.

Coinbase did not specify in its statement whether it would pursue an IPO or a direct listing. ()

If the SEC approves Coinbase's listing plans, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.

Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries.

Its Chief Executive Officer, Brian Armstrong, in September offered a severance package to employees unwilling to cope with the cryptocurrency exchange's new policy of not entertaining discussions on societal and political issues. — Reuters


Cryptocurrency exchange Coinbase files with regulators to go public

Screengrab from blog.coinbase.com.

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.

SAN FRANCISCO, Dec 18 — Coinbase Inc said yesterday it had confidentially applied with the US Securities and Exchange Commission to go public in a move that would make it the first major US cryptocurrency exchange to list on the stock market.

Coinbase's announcement comes as Bitcoin hit a record high yesterday, just a day after passing the US$20,000 (RM81,008) milestone for the first time, amid surging interest from larger investors.

Reuters reported in July that Coinbase started plans for a stock-market listing and was exploring going public via a direct listing instead of a traditional initial public offering (IPO).

A direct listing lets insiders sell instantly and without the support of traditional underwriters - a recipe for potentially high volatility in early trading.

Coinbase did not specify in its statement whether it would pursue an IPO or a direct listing. ()

If the SEC approves Coinbase's listing plans, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.

Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries.

Its Chief Executive Officer, Brian Armstrong, in September offered a severance package to employees unwilling to cope with the cryptocurrency exchange's new policy of not entertaining discussions on societal and political issues. — Reuters


Cryptocurrency exchange Coinbase files with regulators to go public

Screengrab from blog.coinbase.com.

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.

SAN FRANCISCO, Dec 18 — Coinbase Inc said yesterday it had confidentially applied with the US Securities and Exchange Commission to go public in a move that would make it the first major US cryptocurrency exchange to list on the stock market.

Coinbase's announcement comes as Bitcoin hit a record high yesterday, just a day after passing the US$20,000 (RM81,008) milestone for the first time, amid surging interest from larger investors.

Reuters reported in July that Coinbase started plans for a stock-market listing and was exploring going public via a direct listing instead of a traditional initial public offering (IPO).

A direct listing lets insiders sell instantly and without the support of traditional underwriters - a recipe for potentially high volatility in early trading.

Coinbase did not specify in its statement whether it would pursue an IPO or a direct listing. ()

If the SEC approves Coinbase's listing plans, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.

Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries.

Its Chief Executive Officer, Brian Armstrong, in September offered a severance package to employees unwilling to cope with the cryptocurrency exchange's new policy of not entertaining discussions on societal and political issues. — Reuters


Cryptocurrency exchange Coinbase files with regulators to go public

Screengrab from blog.coinbase.com.

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.

SAN FRANCISCO, Dec 18 — Coinbase Inc said yesterday it had confidentially applied with the US Securities and Exchange Commission to go public in a move that would make it the first major US cryptocurrency exchange to list on the stock market.

Coinbase's announcement comes as Bitcoin hit a record high yesterday, just a day after passing the US$20,000 (RM81,008) milestone for the first time, amid surging interest from larger investors.

Reuters reported in July that Coinbase started plans for a stock-market listing and was exploring going public via a direct listing instead of a traditional initial public offering (IPO).

A direct listing lets insiders sell instantly and without the support of traditional underwriters - a recipe for potentially high volatility in early trading.

Coinbase did not specify in its statement whether it would pursue an IPO or a direct listing. ()

If the SEC approves Coinbase's listing plans, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.

Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries.

Its Chief Executive Officer, Brian Armstrong, in September offered a severance package to employees unwilling to cope with the cryptocurrency exchange's new policy of not entertaining discussions on societal and political issues. — Reuters


Cryptocurrency exchange Coinbase files with regulators to go public

Screengrab from blog.coinbase.com.

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.

SAN FRANCISCO, Dec 18 — Coinbase Inc said yesterday it had confidentially applied with the US Securities and Exchange Commission to go public in a move that would make it the first major US cryptocurrency exchange to list on the stock market.

Coinbase's announcement comes as Bitcoin hit a record high yesterday, just a day after passing the US$20,000 (RM81,008) milestone for the first time, amid surging interest from larger investors.

Reuters reported in July that Coinbase started plans for a stock-market listing and was exploring going public via a direct listing instead of a traditional initial public offering (IPO).

A direct listing lets insiders sell instantly and without the support of traditional underwriters - a recipe for potentially high volatility in early trading.

Coinbase did not specify in its statement whether it would pursue an IPO or a direct listing. ()

If the SEC approves Coinbase's listing plans, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.

Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries.

Its Chief Executive Officer, Brian Armstrong, in September offered a severance package to employees unwilling to cope with the cryptocurrency exchange's new policy of not entertaining discussions on societal and political issues. — Reuters


Cryptocurrency exchange Coinbase files with regulators to go public

Screengrab from blog.coinbase.com.

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.

SAN FRANCISCO, Dec 18 — Coinbase Inc said yesterday it had confidentially applied with the US Securities and Exchange Commission to go public in a move that would make it the first major US cryptocurrency exchange to list on the stock market.

Coinbase's announcement comes as Bitcoin hit a record high yesterday, just a day after passing the US$20,000 (RM81,008) milestone for the first time, amid surging interest from larger investors.

Reuters reported in July that Coinbase started plans for a stock-market listing and was exploring going public via a direct listing instead of a traditional initial public offering (IPO).

A direct listing lets insiders sell instantly and without the support of traditional underwriters - a recipe for potentially high volatility in early trading.

Coinbase did not specify in its statement whether it would pursue an IPO or a direct listing. ()

If the SEC approves Coinbase's listing plans, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.

Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries.

Its Chief Executive Officer, Brian Armstrong, in September offered a severance package to employees unwilling to cope with the cryptocurrency exchange's new policy of not entertaining discussions on societal and political issues. — Reuters


Cryptocurrency exchange Coinbase files with regulators to go public

Screengrab from blog.coinbase.com.

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.

SAN FRANCISCO, Dec 18 — Coinbase Inc said yesterday it had confidentially applied with the US Securities and Exchange Commission to go public in a move that would make it the first major US cryptocurrency exchange to list on the stock market.

Coinbase's announcement comes as Bitcoin hit a record high yesterday, just a day after passing the US$20,000 (RM81,008) milestone for the first time, amid surging interest from larger investors.

Reuters reported in July that Coinbase started plans for a stock-market listing and was exploring going public via a direct listing instead of a traditional initial public offering (IPO).

A direct listing lets insiders sell instantly and without the support of traditional underwriters - a recipe for potentially high volatility in early trading.

Coinbase did not specify in its statement whether it would pursue an IPO or a direct listing. ()

If the SEC approves Coinbase's listing plans, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.

Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries.

Its Chief Executive Officer, Brian Armstrong, in September offered a severance package to employees unwilling to cope with the cryptocurrency exchange's new policy of not entertaining discussions on societal and political issues. — Reuters


Cryptocurrency exchange Coinbase files with regulators to go public

Screengrab from blog.coinbase.com.

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.

SAN FRANCISCO, Dec 18 — Coinbase Inc said yesterday it had confidentially applied with the US Securities and Exchange Commission to go public in a move that would make it the first major US cryptocurrency exchange to list on the stock market.

Coinbase's announcement comes as Bitcoin hit a record high yesterday, just a day after passing the US$20,000 (RM81,008) milestone for the first time, amid surging interest from larger investors.

Reuters reported in July that Coinbase started plans for a stock-market listing and was exploring going public via a direct listing instead of a traditional initial public offering (IPO).

A direct listing lets insiders sell instantly and without the support of traditional underwriters - a recipe for potentially high volatility in early trading.

Coinbase did not specify in its statement whether it would pursue an IPO or a direct listing. ()

If the SEC approves Coinbase's listing plans, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.

Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries.

Its Chief Executive Officer, Brian Armstrong, in September offered a severance package to employees unwilling to cope with the cryptocurrency exchange's new policy of not entertaining discussions on societal and political issues. — Reuters


Cryptocurrency exchange Coinbase files with regulators to go public

Screengrab from blog.coinbase.com.

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.

SAN FRANCISCO, Dec 18 — Coinbase Inc said yesterday it had confidentially applied with the US Securities and Exchange Commission to go public in a move that would make it the first major US cryptocurrency exchange to list on the stock market.

Coinbase's announcement comes as Bitcoin hit a record high yesterday, just a day after passing the US$20,000 (RM81,008) milestone for the first time, amid surging interest from larger investors.

Reuters reported in July that Coinbase started plans for a stock-market listing and was exploring going public via a direct listing instead of a traditional initial public offering (IPO).

A direct listing lets insiders sell instantly and without the support of traditional underwriters - a recipe for potentially high volatility in early trading.

Coinbase did not specify in its statement whether it would pursue an IPO or a direct listing. ()

If the SEC approves Coinbase's listing plans, it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement.

Many cryptocurrencies have struggled to win the trust of mainstream investors and the general public due to their speculative nature and potential for money laundering.

Founded in 2012, Coinbase is one of the most well-known cryptocurrency platforms globally and has more than 35 million users in more than 100 countries.

Its Chief Executive Officer, Brian Armstrong, in September offered a severance package to employees unwilling to cope with the cryptocurrency exchange's new policy of not entertaining discussions on societal and political issues. — Reuters


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